Research Support Specialist, USA
The global computer keyboard market size is expected to reach USD 4.4 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of -1.1% from 2021 to 2028. This can be attributed to growing demand for laptops and smartphones in developed regions.
The growth in capitalization on marketing methods by the major manufacturers to endorse advanced computer keyboards in developed regions is projected to offer a massive opportunity to multiply their business in this market. Furthermore, new product launches by key players may flourish the market. For example, foldable, ergonomic, and flexible keyboards are ideal for gaming and commercial application.
The high-quality products with low prices in the market are boosting extreme competition amongst companies that can have some positive impact on this market. Furthermore, the increase in health complications like carpal tunnel syndrome affected due to the typing on a keyboard for long time leads to wrist pain and other muscular stress. Thus, to overcome this problem, many manufacturers are designing an advanced keyboard like ergonomic keyboard. These advancements in the product may play some positive role to flourish this market growth over the forecast period.
The online segment is expected to register the fastest CAGR of 0.82% from 2021 to 2028. This can be attributed to the growing popularity and usage of e-commerce platforms. Key manufacturers are partnering with online retailers intending to reach out to new buyers. Also, an upsurge in sales of computer keyboards mainly through company-owned websites and other e-commerce platforms such as Walmart, Amazon, etc., is further projected to propel the growth of the online distribution channel segment.
Asia Pacific contributed a revenue share of more than 35.0% in 2020. This can be credited to the rising demand for the product from developing countries, such as China, Japan, and India. The growing e-learning methods and work-from-home employment coupled with increasing disposable income and middle-class population are major factors driving product demand. The presence of multi-national businesses and decreasing prices of computer keyboards due to vigorous competition among local manufactures which, in turn, is expected to drive the regional market over the forecast period.
The report “Computer Keyboard Market Size, Share & Trends Analysis Report By Distribution Channel (Online, Offline), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global computer keyboard market on the basis of distribution channel and region.
List of Key Players of Computer Keyboard Market